2024 CDF to NGN Historical Review

YEARLY HIGH

0.5926 NGN

YEARLY LOW

0.3130 NGN

YEARLY AVERAGE

0.5213 NGN

2024 CDF to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the CDF to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on November 23, valuing the pair at 0.5926. Conversely, the yearly low was recorded on January 17, dropping to 0.3130.

This high-to-low spread represents a total annual volatility of 0.2796 NGN. From a start-to-finish perspective, comparing the January average rate of 0.3350 to the December average rate of 0.5505, the exchange rate registered a net change of 64.34% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.5926 was up 70.58% compared to the 2023 peak of 0.3474, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 CDF based on timing:

Yearly Peak High 2,963 NGN

2023 Average 1,341 NGN

Yearly Trough Low 1,565 NGN

Transaction Impact: A difference of 1,397.92 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.6103

0.3100

JanuMarcMayJulySeptNove

CDF to NGN Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 0.4795, compared to 0.5631 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0836 points.

H1 Avg (Jan–Jun) 0.4795

H2 Avg (Jul–Dec) 0.5631

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.2542 NGN (High: 0.5819 / Low: 0.3277). On the other end, November was the most stable month, with a tight range of 0.0153 NGN (High: 0.5926 / Low: 0.5772).

February Spread (Volatile) ±0.2542

November Spread (Stable) ±0.0153

Growth Streaks & Declines

Trends

Between April and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0929 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0929

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 0.5853) against the same month in 2023 (average: 0.3151), the exchange rate shifted by +0.2702 (+85.75%).

2024 Avg (November) 0.5853

2023 Avg (November) 0.3151

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3518	0.3130	0.3350
February	0.5819	0.3277	0.4990
March	0.5816	0.5017	0.5509
April	0.5040	0.4311	0.4580
May	0.5413	0.4422	0.5072
June	0.5364	0.4944	0.5268
July	0.5856	0.4898	0.5347
August	0.5821	0.5515	0.5604
September	0.5850	0.5588	0.5737
October	0.5850	0.5645	0.5737
November	0.5926	0.5772	0.5853
December	0.5875	0.5393	0.5505